Nomura Cash Flow Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	753	510	446	370	324
Depreciation & Amortization	57	74	61	60	63
Loss (Gain) From Sale of Assets	-	-	-	-	-1
Other Operating Activities	-209	-161	-147	-111	-105
Change in Accounts Receivable	127	-314	173	122	-147
Change in Inventory	-110	188	-93	-147	-1
Change in Accounts Payable	318	175	30	121	237
Change in Other Net Operating Assets	41	7	-20	39	54
Operating Cash Flow	977	479	450	454	424
Operating Cash Flow Growth	103.97%	6.44%	-0.88%	7.07%	-
Capital Expenditures	-44	-60	-41	-	-1
Sale of Property, Plant & Equipment	-	-	-	-	3
Sale (Purchase) of Intangibles	-	-	-1	-2	-
Other Investing Activities	-1	-2	-	-	-1
Investing Cash Flow	-45	-62	-42	-2	1
Short-Term Debt Issued	-	-	-	40	49
Total Debt Issued	-	-	-	40	49
Short-Term Debt Repaid	-	-	-	-59	-94
Long-Term Debt Repaid	-35	-124	-128	-128	-128
Total Debt Repaid	-35	-124	-128	-187	-222
Net Debt Issued (Repaid)	-35	-124	-128	-147	-173
Repurchase of Common Stock	-	-	-	-67	-
Common Dividends Paid	-78	-68	-55	-40	-11
Other Financing Activities	-13	-17	-13	-17	-19
Financing Cash Flow	-126	-209	-196	-271	-203
Miscellaneous Cash Flow Adjustments	-1	-1	-	-1	-
Net Cash Flow	805	207	212	180	222
Free Cash Flow	933	419	409	454	423
Free Cash Flow Growth	122.67%	2.44%	-9.91%	7.33%	-
Free Cash Flow Margin	13.12%	6.34%	6.85%	8.32%	8.35%
Free Cash Flow Per Share	705.60	316.87	309.30	331.90	303.96
Cash Interest Paid	-	1	1	1	2
Cash Income Tax Paid	210	162	149	113	106
Levered Free Cash Flow	896.63	402	399.38	445.75	400.88
Unlevered Free Cash Flow	896.63	402.63	400	446.38	402.13
Change in Working Capital	376	56	90	135	143

Source: S&P Global Market Intelligence. Standard template. Financial Sources.